Thursday, 11 October 2012

All the clarity of frosted glass as Leeds and GFH make joint statement

Interesting. Last week Master Bates told us that he would like to tell the fans more about the deal with GFH Capital but couldn't because he was bound by a confidentiality agreement; now GFH Capital Chief Executive David Haigh has claimed, "The importance for us to talk to the numerous fans and supporter groups of Leeds United on the acquisition of the club can not be underestimated, but at this time, we have to respect the confidentialities of a deal of this nature."

So let's just translate that shall we? Bates wants to be open with the fans but can't be because of a confidentiality agreement signed with GFH Capital; and Haigh wants to be open with the fans but can't be because of a confidentiality agreement signed with Bates. Hmmmm.

Here's an interesting thought. Given both parties want to talk to the fans and both parties feel constrained by the confidentiality agreement, why don't they both agree to tear it up?

And of course they would do if this was anything close to a done deal. But somebody is playing silly buggers. Is it Bates, holding out for more than GFH Capital want to pay? I doubt it. He would then be inviting rival bidders to join the fray.

So is it GFH Capital? They are feeding off of free publicity at the moment and rumours continue to circulate regarding their financial well being. In fact, the Yorkshire Evening Post claim "Gulf Finance House held less than £4m in cash in June this year, £800m less than at the end of 2008." That seems a pretty dangerous rumour to peddle if there is no truth in it. If I was the CEO of GFH Capital, I would be threatening legal action if a newspaper was unfairly slurring the reputation of my company. After all, a bank without reserves is like harem without women: fcuking useless!

So what is going on? Haigh insists he has spoken to nobody - and most definitely not LUST - and is even denying quotations attributed to him. He has not claimed the deal could be done in three weeks apparently. Nor did he compare the club to Pamela Anderson.

Meanwhile another GFH Capital talking head, Salem Patel has said that both sides are looking to reach "as swift a conclusion to this deal as is possible". Really? Then sign the bloody contract and show Bates the exit! If a buyer wants to buy, a seller wants to sell and the deal has been agreed, there's no reason for a delay is there? Unless the buyer doesn't have the funds to complete the deal, of course. Then the delays could stretch on for ever.

Incredibly, in the light of the lack of substance in the so called "joint statement", United chief-executive officer Shaun Harvey said: “As with all speculation, not all of it is correct. And we are pleased that both are able to clarify the situation.” That is clarify as in stirring up the muddied waters or steaming up a frosted glass window presumably?

Again,same old shite. You must have been bullied at school, such a wanker.One day Leeds will be great again and West Ham will continue to be one of those,many London based mediocre teams that never falls on hard times, but will never ever excel to anything better than nothing! MODERATE this one if you want. MOT

1744, as I have repeatedly said, i am a football fan. I am interested in all football clubs. Leeds are a big club, there is no denying that, but a club in the doldrums. Anybody not interested in this story is not really interested in football. That's why I latched on to it and it is why I am still following it closely. Yes I joke about it, but I also comment seriously on it. How many weeks and months ago were Leeds fans saying the takeover would happen "tomorrow"? Now Haigh won't even commit to "within the next 3 weeks". Why for fcuk's sake?

If you can write an article like this why do you write crap on most of your other blogs about Leeds all that you have said is true and makes you think about the take over in another light so all that said and done good blog you need to stop writting crap about Leeds it makes you look like a twat

They say the are helping/advising on the takeover. Maybe gfh are just the front for someone who is using them to buy leeds. Maybe this person or sons forced the confi agreement. Thats why both sides wish they could say more. Just a thought.

I dont think gfh are the money holders. Someone else is and they want the confi agreement.thats why both sides cannt talk. Gfh are being used to do the purchase the owner will be someone different. I like all your articles. Funny at times. Mot.

1. Buyer wants to buy seller wants to sell2. News agencies (including Reuters) reporting on the deal have not only been fabricating information but also misquoting GFH representatives. 3. GFH have never spoken to LUST...................(directly) come on fella's what does this mean?? Directly?? Have the lines of communication ever been established - yes or no please!!! 4. LUST's credibility has been damaged by point 3. 5. David Haigh's first real address/sound bite to the fans read like schoolboy with no homework: Teacher "well when can you hand it in?!"DH "erm dunno miss, I'm working hard on it now and erm if I keep working hard on it in could be done for about three weeks time?"6. And let's not forget his expression if lyrical dexterity, comparing us to Pamela Anderson?? What a clown - the only thing we have in common with PA is we've both done pantomime very recently.

Confidentiality agreements are required with business deals of this magnitude. The only reason people like yourself are recycling the same old stories or even trying to make a story is because this deal is taking longer than the fans (including you) would like. It'll be done when it's done.

LOL Hammersfan, there's a difference between showing an 'interest' in this takeover and waiting desperately for it to fall through scrutinising every piece of data available so you can upset a handfull of Yorkshireman though, surely?

From Tom

Hammersfan, I am a British soldier ... just home from the winter in Afghan, I was at the Boro cup game where my boy took a half time penalty during my leave ...

I love your blogs .... keep em coming .. its great fun and I love all the saddo's that criticise you ... free country, freedom of speech ... we all have a choice n all that ... well if you don't like .... read the Sun ..

(Cheers Tom, an endorsement like that would outweigh 15 million idiots wanting to close this site down.)

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